Combatting modern-day slavery through supply chain transparency

Slavery may seem like a thing of the past but is sadly not absent from the modern world. There are still many examples of human trafficking and exploitation in countries such as Thailand. More often than not, exploited individuals end up ‘paying back’ money earned to traffickers by working in factories and manufacturing plants.

Supply chain management and transparency is therefore imperative for companies to ensure that slavery is not being used in the production chain. Emotive issues such as slavery can cause significant reputational damage to companies. And this is before one considers the moral obligation companies have to combat slavery and human trafficking.

This webinar will explore the mechanisms that companies can use to ensure that people are not being exploited at any level of the supply chain. Speakers include The Red Flag Group Executive Chairman Scott Lane and Director of Anti-Slavery International Aidan McQuade

Managing customer risks is all about knowing your customers, and while banks have been focusing on this for years other types of organisations have not. In a changing world, where companies are now judged on who buys their products, how they sell their products, and what products they allow people to buy, it is vital that every company has an effective and robust know-your-customer (or ‘KYC’) process.

Commercial organisations involved in various industries, including retail, manufacturing and services, need to build customer checks into their screening processes. A robust KYC process involves more than just screening end-user-type customers; it also extends to the companies with whom organisations engage to provide goods or services to the end customer.

Non-financial organisations may not always be legally required to screen customers, but the reputational damage that could result from engaging or associating with a high-risk customer underscores the need for an effective KYC process.

This webinar will explore how companies can best manage customer risk through effective screening. Speakers include Tricor Group’s CEO for China and Hong Kong, Natalia Seng, and the Hong Kong Institute of Chartered Secretaries’ senior director and head of technical and research Mohan Datwani.

Slavery may seem like a thing of the past but is sadly not absent from the modern world. There are still many examples of human trafficking and exploitation in countries such as Thailand. More often than not, exploited individuals end up ‘paying back’ money earned to traffickers by working in factories and manufacturing plants.

Supply chain management and transparency is therefore imperative for companies to ensure that slavery is not being used in the production chain. Emotive issues such as slavery can cause significant reputational damage to companies. And this is before one considers the moral obligation companies have to combat slavery and human trafficking.

This webinar will explore the mechanisms that companies can use to ensure that people are not being exploited at any level of the supply chain. Speakers include The Red Flag Group Executive Chairman Scott Lane and Director of Anti-Slavery International Aidan McQuade

A number of the recent data breaches involving United States retailers have involved the same infiltration tactics by hackers: the exploitation of third-party contractors. And as multinational companies develop longer supply chains in an effort to better leverage the global economy and improve margins, these chains are offering more opportunities for cyber-attacks. With cyber-defence budgets often prioritising company headquarters, organisations are inadvertently driving attacks towards the most vulnerable parts of their chain.

A panel of specialists will look at supply-chain due diligence and provide compliance officers with suggestions on remediation steps and prevention controls.

In particular, they will cover the following best practice tips:

•Know your third parties
•Know their business
•Know their risk
•Know their access
•Know your anti-bribery and anti-corruption obligations
•Learn from the latest data breaches